The G77+China Summit, held in Havana, Cuba, on September 15-16, brought together leaders from emerging economies representing an astounding 80% of the world’s population. This significant gathering served as a pivotal moment in the ongoing struggle for global economic justice and inclusivity.
In his address to the summit, UN Secretary-General António Guterres highlighted the challenges facing developing countries, stating that they are “trapped in a tangle of global crises,” including climate change and mounting foreign debt. He urged China and the Group of 77 nations to work collaboratively to create a more just world.
The G77+China group has emerged as a beacon of hope for the Global South amid rising opposition to multilateralism and equitable development. The summit underscored the importance of unity among developing nations in addressing shared challenges.
Opportunities and Threats
In today’s complex global environment, developing countries face a variety of difficulties, such as sluggish economic growth, increasing debt burdens, geopolitical tensions, environmental degradation, and unilateralism. China and developing nations have been collaborating to protect their legitimate interests and advance sustainable development in the face of these formidable obstacles.
Li Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, emphasized during the summit that Beijing is ready to work with G77 members to deepen South-South cooperation and strengthen the Belt and Road Initiative (BRI). He expressed support for the Global Development Initiative aimed at achieving greater development and stronger solidarity.
The open and inclusive BRI, aligned with the United Nations’ 2030 Agenda for Sustainable Development, places great emphasis on public health, environmental sustainability, and economic growth. Collaboration among participating countries has boosted infrastructure development, opened up commercial opportunities, and unlocked development potential.
A Path Forward
The G77+China Summit highlighted the critical role of cooperation in overcoming global challenges. By uniting their efforts, China and developing nations aim to foster a more inclusive and equitable global economy. The summit’s outcomes reaffirm the commitment of these nations to work together for sustainable growth and shared prosperity.
Reference(s):
The remarkable achievements of G77+China in challenging times
cgtn.com
